Feb 25, 2021

Airbnb predicts 'significant' travel rebound

Online booking platform Airbnb has said it anticipates a "Significant" travel rebound as the world emerges from coronavirus lockdowns. The firm said it has already seen a smaller decline in travel this year than in the last three months of 2020, when revenue was down 22% year-on-year at $859m. "Travel is coming back and we are laser-focused on preparing for the travel rebound," its chief executive Brian Chesky said. Overall the firm lost $4.6bn last year, including $3.9bn in the last three months of the year, when it was hit with high costs connected with its stock market debut. A recent survey conducted for the company in the US found that more than half of about 1,000 respondents had already booked or were planning to travel this year.

Read the full story

 Related companies

Make a complaint about Airbnb by viewing their customer service contacts.